Chinese Startup Debuts World’s First Mass-Produced Humanoid Robot at WAIC
Vancouver, BC
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August 22, 2023 09:00 AM Eastern Daylight Time
Fourier Intelligence's striking humanoid robot, GR-1, made a remarkable debut at the World Artificial Intelligence Conference (WAIC) in Shanghai in July. This jet-black marvel captured the attention of the global technology community, showcasing the immense potential of bipedal robots.
Amid the buzz surrounding AI software, the Chinese-designed GR-1 garnered attention by demonstrating its ability to walk at 5 km/h on two legs while carrying a 50 kg load. This breakthrough highlighted the prowess of bipedal robots in the evolving tech landscape.
The unexpected triumph of unveiling GR-1 marked a transformative phase for Shanghai-based startup Fourier Intelligence. Originating in 2015 with a focus on rehabilitation robotics, the company has since diversified its offerings. From smart exercise bikes to wireless robotic gloves and computer-guided devices aiding movement restoration, Fourier's portfolio has expanded significantly.
Alex Gu aligns with Telsa CEO Elon Musk's vision for humanoid robots as tools for mundane tasks and companionship. Musk has been quoted saying, “"There will probably be far more robots than humans in the future." Gu also recognizes the potential of large language models (LLMs), such as those underlying AI chatbots like ChatGPT. LLMs could grant robots logical reasoning abilities, enhancing their human-like qualities.
Fourier's focus on hardware development aligns with collaborations with AI companies for LLM integration. GR-1's deployment for research and development is underway, with mass production planned by year-end.
While a journey lies ahead before humanoid robots become part of daily life, Gu balances caution with optimism. As technology advances, the tantalizing prospect of humanoid robots becoming integral in the next five to ten years is within reach.
Combating Crime Demands Superhuman Capabilities
While the development of humanoid robots is still in its infancy, security robots are gaining popularity across the US as a response to rising crime rates. The global security robot market is projected to reach $31.08 billion by 2030, with a 12.8% CAGR.
One of the companies leading the charge in this field is Knightscope, Inc. (NASDAQ:KSCP), an advanced security technology company headquartered in Silicon Valley. The company specializes in creating fully autonomous security robots (ASRs) that deter, detect, and report.
Established in 2013, Knightscope leverages four key technologies – autonomy, robotics, artificial intelligence, and electric vehicle tech – to develop their unique solutions. Their tech has logged over 2.3 million hours of real-world field operation.
A major achievement for Knightscope was the acquisition of CASE Emergency Systems in 2022, bolstering their capabilities and driving significant revenue growth. The company boasts an impressive clientele, including the New York Police Department (NYPD), New York City Fire Department (FDNY), San Luis Obispo Council of Governments (SLOCOG), and the Orange County Transportation Authority (OCTA).
Throughout the year, Knightscope secured several substantial deals nationwide. These include a $1.25 million contract with Rutgers, The State University of New Jersey, encompassing 145 devices, as well as a pilot contract with the New York Police Department (NYPD) for a K5 robot designated for patrolling a Manhattan subway station.
A recent strategic initiative unveiled by Knightscope involves a collaboration with a property management group in Chicago. This deployment features the K5 Autonomous Security Robot (ASR), tasked with patrolling a mixed-use facility housing both retail establishments and professional tenants. This marks Knightscope's second deployment in Chicago, aiming to address elevated levels of crime, trespassing, vehicle break-ins, and catalytic converter thefts.
Another notable milestone was reached as Knightscope successfully deployed its first two K1 Hemisphere ASRs in Hawaii. This deployment signifies the conclusive phase of product development—client testing. Collaborating with a globally recognized brand specializing in full-service hotels and resorts, Knightscope has initiated a comprehensive evaluation phase.
Further showcasing the company’s impact, the deployment of a K5 in Ohio has garnered national attention, solidifying Knightscope's position as a key player in the evolving landscape of security technology.
Knightscope CEO, William Santana Li, was recently stated during the Company’s 2Q 2023 update, “For the six months ended June 2023, we booked $6.4 million of revenue putting us on an over $12 million annual revenue run rate – well over double last year. That’s right, not only double-digit growth over 2022 but literally potentially doubling the Company’s revenue by the end of 2023. As I often say, the Rise of the Robots is happening, and it is happening now!"
For more information on Knightscope, Inc. (NASDAQ:KSCP) and the projects it is working on, visit this link or learn more about the Rise of the Robots at the company's official website.
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